The Portuguese accounting system and international accounting harmonization: a formal harmonization study
Autor(a) principal: | |
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Data de Publicação: | 2002 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/1822/336 |
Resumo: | Over the last few decades, the globalization of capital markets and the consequent problems arising from the diversity of accounting practices has raised the need to establish a single set of accounting standards, in order to attain an adequate level of accounting harmonization internationally. The International Accounting Standards Board (IASB) has been carrying out a review of its standards, aiming to reduce existing alternatives. On its hand, the Accounting Standardization Commission (Comissão de Normalização Contabilística - CNC), as the Portuguese accounting standardization body, has been attempting to follow recent international accounting developments, and adapt them for use in Portugal. Using the concept of Euclidian distances proposed by Zorio Grima (2001), the main objectives of this paper are: (i) to measure the formal harmonization advances achieved in the successive stages of issue of the International Accounting Standards (IASs); (ii) to assess the evolution of national accounting standards and; (iii) to obtain empirical evidence on the level of consensus between the Portuguese accounting standards and the IASB. The results of this study confirm the progresses towards the comparability of financial information and a reduction in the gap between Portuguese accounting standards and IASs. |
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The Portuguese accounting system and international accounting harmonization: a formal harmonization studyOver the last few decades, the globalization of capital markets and the consequent problems arising from the diversity of accounting practices has raised the need to establish a single set of accounting standards, in order to attain an adequate level of accounting harmonization internationally. The International Accounting Standards Board (IASB) has been carrying out a review of its standards, aiming to reduce existing alternatives. On its hand, the Accounting Standardization Commission (Comissão de Normalização Contabilística - CNC), as the Portuguese accounting standardization body, has been attempting to follow recent international accounting developments, and adapt them for use in Portugal. Using the concept of Euclidian distances proposed by Zorio Grima (2001), the main objectives of this paper are: (i) to measure the formal harmonization advances achieved in the successive stages of issue of the International Accounting Standards (IASs); (ii) to assess the evolution of national accounting standards and; (iii) to obtain empirical evidence on the level of consensus between the Portuguese accounting standards and the IASB. The results of this study confirm the progresses towards the comparability of financial information and a reduction in the gap between Portuguese accounting standards and IASs.Fundação para a Ciência e TecnologiaUniversidade do minho. Núcleo de Estudos em Gestão (NEGE)Universidade do MinhoRodrigues, Lúcia LimaFontes, Maria Alexandra2002-122002-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/336enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:14:46Zoai:repositorium.sdum.uminho.pt:1822/336Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:07:06.208883Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
title |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
spellingShingle |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study Rodrigues, Lúcia Lima |
title_short |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
title_full |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
title_fullStr |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
title_full_unstemmed |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
title_sort |
The Portuguese accounting system and international accounting harmonization: a formal harmonization study |
author |
Rodrigues, Lúcia Lima |
author_facet |
Rodrigues, Lúcia Lima Fontes, Maria Alexandra |
author_role |
author |
author2 |
Fontes, Maria Alexandra |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Rodrigues, Lúcia Lima Fontes, Maria Alexandra |
description |
Over the last few decades, the globalization of capital markets and the consequent problems arising from the diversity of accounting practices has raised the need to establish a single set of accounting standards, in order to attain an adequate level of accounting harmonization internationally. The International Accounting Standards Board (IASB) has been carrying out a review of its standards, aiming to reduce existing alternatives. On its hand, the Accounting Standardization Commission (Comissão de Normalização Contabilística - CNC), as the Portuguese accounting standardization body, has been attempting to follow recent international accounting developments, and adapt them for use in Portugal. Using the concept of Euclidian distances proposed by Zorio Grima (2001), the main objectives of this paper are: (i) to measure the formal harmonization advances achieved in the successive stages of issue of the International Accounting Standards (IASs); (ii) to assess the evolution of national accounting standards and; (iii) to obtain empirical evidence on the level of consensus between the Portuguese accounting standards and the IASB. The results of this study confirm the progresses towards the comparability of financial information and a reduction in the gap between Portuguese accounting standards and IASs. |
publishDate |
2002 |
dc.date.none.fl_str_mv |
2002-12 2002-12-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/1822/336 |
url |
https://hdl.handle.net/1822/336 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade do minho. Núcleo de Estudos em Gestão (NEGE) |
publisher.none.fl_str_mv |
Universidade do minho. Núcleo de Estudos em Gestão (NEGE) |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132488734343168 |